Fundalysisby DARKHORSESTOCKS

Scheme

Mirae Asset Nifty Bank ETF

Holds 14 companies worth ₹317 Cr in Sept 2026.

  • Fund house

    MiraeThe fund house that runs this scheme.

  • AUM

    ₹317 CrMirae Asset Nifty Bank ETF's AUM at the end of 30 Sept 2026, as AMFI reports it. Down 6.8% on Aug 2026, ₹340 Cr.

  • Largest holding

    HDFC BankHDFC Bank is 18.6% of this scheme's NAV.

  • Fund manager

    Ekta GalaRuns it since 20 Jul 2023, as the fund house dates it. With Ritesh Patel (fund manager).

Overview(23 Mar 2026)

Fund managers2

  1. Ekta GalaFund manager · Jul 2023 · 9y · B.Com
  2. Ritesh PatelFund manager · Mar 2025 · 14y
  1. Vishal SinghAug 2023 – Mar 2025

Key facts

Benchmark
Nifty Bank Index TRI (Total Return Index)
Risk
Very High
Expense
Regular 0.11% · Direct 0%
Exit load
Nil
Started
20 Jul 2023
Minimum
On exchange in multiple of 1 unit. With AMC: In multiples of 10,000 units

Source.Its Scheme Summary Document as of 23 Mar 2026 at AMFI.

What changed(4 changes)

Mar 2026

1 change
  1. Expense ratio
    20 MarRegular 0.1% → 0.11%

Mar 2025

2 changes
  1. Ritesh Patel joined
    12 Maras fund manager
  2. Vishal Singh left
    12 Marran it as fund manager from Aug 2023

Jan 2025

1 change
  1. Expense ratio
    17 JanRegular 0.09% → Regular 0.1% · Direct 0%

Source.Its filings at NSE, since Aug 2024.

Fund managers over time(Jul 2023 – now)

  1. Ekta Gala
  2. Ritesh Patel
  3. Vishal Singh
MainCoSlice202420252026
Fig. 1.Who ran it when: each manager from the date the fund house gives, or the first document listing them where it gives none, to when they left. A slice is part of it: overseas, gold and silver, or arbitrage.

Costs(Aug 2024 – Mar 2026)

Every change to the expense ratio, newest first.
3 changesRegularDirectΔ pt
20 Mar 20260.11%0.00%0
17 Jan 20250.10%0.00%–
21 Aug 20240.09%––
Direct plan, 20 Mar 2026
0.00%
Regular plan 0.11% · Exit load nil
Fig. 1.Total expense ratio a year, each plan's, as its Scheme Summary Documents state it, filing by filing at NSE. A change holds until the next.

Objective and risk(23 Mar 2026)

Objective

The investment objective of the scheme is to generate returns, before expenses, that are commensurate with the performance of the Nifty Bank Total Return Index, subject to tracking error. There is no assurance or guarantee that the investment objective of the scheme would be achieved.

Risk, type and benchmark

Riskometer
Very High
At launch
Very High
Type
Other ETFs
Benchmark
Nifty Bank Index TRI (Total Return Index)

Asset allocation it may hold% of NAV

  1. Securities included in the Nifty Bank Index
    Allowed95–100%
  2. Funds
    Allowed0–5%

Holds in Sept 2026.100.0% equity

How to invest(23 Mar 2026)

Buying

To start
On exchange in multiple of 1 unit. With AMC: In multiples of 10,000 units
Most
Any Amount

Selling and switching

Scheme details(23 Mar 2026)

What it is

Category
Other ETFs
Offer
12 Jul 2023 to 18 Jul 2023
Started
20 Jul 2023
Reopened
21 Jul 2023
Plans
Regular Plan - Growth
Face value
₹400
Listed
NSE & BSE

How it is run

Side-pocketing
.
Custodian
SBI – SG Securities Pvt. Ltd., Mumbai
Auditor
M/s.Chokshi & Chokshi, Chartered Accountants
Registrar
KFIN Technologies Limited
SEBI code
MIRA/O/O/EET/23/06/0054